Working out if you have to pay super
An ATO factsheet provides a useful reminder about when you have to make contributions under the superannuation guarantee (SG) scheme.
Generally, if you pay an employee $450 or more (before tax) in a calendar month, you have to pay them super on top of their wages.
If your employee is under 18 or is a private or domestic worker, eg a nanny, they must also work for more than 30 hours per week to qualify.
You pay super regardless of whether the employee:
- is full-time, part-time or casual – working holidaymakers are included
- receives a super pension or annuity while still working
- is a company director
- is a family member working in your business – provided they are eligible for SG.
Note! You may also have to pay for some contractors, even if they quote an ABN. ■
Ref: TaxWise Business November 2019